Monthly Archives: February 2013

The Value Of Our House Is Dwindling

We got a letter from city taxes stating that our house was estimated €15.000 lower in value compared to last year. On the one hand, that’s good news since that means less property taxes. On the other hand, this is really bad news since our house is worth much less than our original mortgage and still less than the amount left over after all our extra mortgage payments.

So, we paid off 22.66% of our mortgage by now…but that wouldn’t even cover the loss we made! Now my husband and I feel like the estimate is too low but we would still make a huge loss if we sold now. We have no intention of selling our home anytime soon. But this does feel a bit discouraging.

However, we should keep level-headed and keep on paying off that mortgage. It’s the only sane way to go, right?

What’s up with the value of your home?

Love,

Mrs EconoWiser

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Making Money In February

I don’t know why it’s happening…but the turnover of my side business has already exceeded that of February last year. January 2013 also exceeded January 2012. I’m liking this!

Though…I can’t really tell where this unexpected increase of turnover comes from. I do feel like products from a new supplier are really popular. These products are high quality and can hardly be distinguished from the same products by popular brands. So instead of focusing on low quality goods I am going to focus on these brand-less high-end goods.

The new cashflow feels great. I keep buying stock every week or two weeks from this new supplier and the goods keep selling really well. This increase meant an extra mortgage payment in January. Let’s see whether I can pull off the same thing this month?!

You haven’t got a side business yet? Get your ass in gear! It’s FUN!

Do you have a side business? What’s up with your turnover?

Love,

Mrs. EconoWiser

Sale Shopping With A Clear Goal

Today we hit a certain store that sells sports equipment. We knew there would be a huge end of season sale on. The husband ripped his snowboard jacket which is also his regular winter jacket. He needs a proper jacket with him cycling year round and our horrid Dutch weather. This jacket could be transformed to fit all seasons. Unfortunately, we didn’t find another one that would do the same trick. However, we bought him two jackets…a summer and a winter version. We now bought him an extremely waterproof winter jacket at €119 (from €229 Brunotti) which we thought was a good deal. We think it’s worth the “investment”. And we bought an extremely waterproof spring/summer jacket at €41.99 (from €179.99 Wildebeast) which was an even better deal. So for the next two years he’ll be nice and dry every day.

Saving even more money on these items by looking for second-hand stuff didn’t make sense to us. The husband will be wearing these things while biking an hour and a half every day. We’re happy with our purchases. Mr. Money Mustache also buys this type of shit new in big sales, so why shouldn’t we?

Phew, as soon as we found the stuff we aimed to get we got out of that store and onto our bikes. Saturdays are crazy down town!

Love,

Mrs EconoWiser

Dutch Behind On Their Mortgage Payments

Today I read a newspaper article about the fact that some of my fellow Dutch(wo)men are behind on their monthly mortgage payments. Right now, about 77.000 cheese lovers are behind.

I have never been behind paying rent or mortgage. This must be an extremely stressful situation. I mean, the thing you pay first is the house you live in, isn’t it?

At one point in my life I did rent out rooms to students for about a year. I lived in this big (cheap!) house alone and I was a student. One of the two girls was always late with her payments. It just annoyed me so much. I couldn’t get around her behaviour. She would go shopping, but would always be at least a week late with her payments.

This experience hasn’t thrown out my dream of being a landlord in the future, by the way.

Have you ever been late with your payments? Would you like to become a landlord?

Love,

Mrs EconoWiser

Our Fourth Recession Since 2007

Holland just hit its fourth recession since 2007. I just watched the news and the statistics are:

  • Unemployment rate is at 7.5% (it hasn’t been this high since the 80s)
  • House prices have dropped 10% in the last year
  • Consumer trust hasn’t been this low since the 80s

The husband and I have steady jobs and extra income, so we haven’t “felt” any of these recessions ourselves. I certainly hope (and expect) we can get through this one the same way as the other ones.

What about you and your country?

Love,

Mrs EconoWiser